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If you find yourself working on a Wrap-Up, there are often documents that need to be completed prior to starting on the project site. Typically, the first document completed is the Enrollment form, as this form helps the Wrap-Up Administrator create a Wrap-Up contract in their system. On this document, Trade Contractors often skip filling out their onsite start date. This can delay your approval, which can delay when you’re actually allowed on the project site but it can also affect your Wrap-Up insurance coverage.
Providing an accurate onsite start date is one of the most important steps during the enrollment process of a Wrap-Up. The start date is the date a Trade Contractor will be onsite for the first time, performing the scope of work they are contracted to perform.
Based on your contract, your company can be one of two types of statuses working on a Wrap-Up:
- Enrolled Contractor: enrolled in the Wrap-Up program and is provided a Wrap-Up Insurance policy.
- Excluded Contractor: not enrolled in the Wrap-Up program and is not provided a Wrap-Up Insurance policy.
For enrolled contractors, the start date is when a Contractor is issued insurance coverage under the Wrap-Up program. Once a Contractor completes the Enrollment form, the Wrap-Up Administrator processes the request and sends it to the Insurance Carrier to review and issue a policy. After the Carrier approves the enrollment information, the Contractor will be issued a Certificate of Insurance (COI) reflecting their Wrap-Up policy information (i.e. coverage lines, policy start/end dates).
If an enrolled contractor started onsite prior to the start date stated in their COI, this can pose many concerns. Most importantly, it’s putting the General Contractor (GC) at risk, as they are now liable for any losses the Contractor occurred while being onsite without coverage. This is why it is vital that when you complete your Enrollment form you put an accurate start date.
For excluded contractors, even though the Contractor doesn’t usually complete enrollment form, it’s still important to make sure the Wrap-Up Administrator knows an accurate onsite start date. An excluded contractor is covered 100% under their own insurance, but the Wrap-Up Administrator still needs to confirm their insurance is valid and meets the contractual requirements prior to starting onsite. Usually, an excluded contractor is required to provide proof of coverage with their current COI and endorsements.
This shows your company’s coverage lines and policy start/end dates. This is important because if the coverage dates do not cover when the Contractor is onsite, the GC can become liable for any losses.
Providing an accurate start date is extremely important, as it ensures your company has the required coverage during the time you’re on the project site. It’s always best to reach out to your Wrap-Up Administrator for specific contract concerns. If you have additional questions regarding Wrap-Ups or insurance coverages, reach out to TSIB today! You can also download our Wrapworks infographic for more information around TSIB's technology solution for Wrap-Up Administration.